Jane Street and Virtu Financial join TP ICAP digital assets platform as liquidity providers LeapRate

December 20, 2021 BY Steffy Bogdanova

Jane Street and Virtu Financial join TP ICAP digital assets platform as liquidity providers

Simon Forster, Co-Head of Digital Assets at TP ICAP, said: TP ICAP has long standing relationships across multiple asset classes with both Jane Street and Virtu. We have been working with the Digital Assets teams of these businesses for some time so bringing their expertise and spot liquidity into our ecosystem is a natural evolution…

December 16, 2021 BY Steffy Bogdanova

Binance to launch crypto exchange in Indonesia with Telkom partnership

Binance founder and chief executive Changpeng Zhao, said: Our ambition at Binance is to grow the blockchain and cryptocurrency ecosystem globally, and this initiative in Indonesia is a significant step in that direction. With fast technology adoption and strong economic potential, Indonesia could become one of the leading centers of the blockchain and crypto ecosystem…

December 15, 2021 BY Steffy Bogdanova

eToro and Coinbase under fire for misleading crypto ads

Coinbase’s ad appeared on Facebook on 27 July 2021 and stated “£5 in #Bitcoin in 2010 would be worth over £100,000 in January 2021. Don’t miss out on the next decade – get started on Coinbase today”. The firm also went on to label its competitors “unregulated. The British advertising regulator said that both ads…

December 15, 2021 BY Steffy Bogdanova

Cross-exchange crypto trading platform Cove Markets acquired by Robinhood

Christine Brown, Chief Operating Officer of Robinhood Crypto, said: Scott, Victor and the Cove Markets team will bolster our crypto trading platform and help us strengthen our leadership in the crypto industry. Their wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits…

December 13, 2021 BY Steffy Bogdanova

Wells Fargo and HSBC agree to settle FX transactions through a blockchain solution

Mark Jones, co-head of Macro, Wells Fargo Corporate & Investment Bank, said: We are pleased to announce that we will be utilizing blockchain technology for the first time in the settlement process of cross-border payments. We are extremely excited to be collaborating with HSBC on a project which places both organizations at the forefront of…

December 13, 2021 BY Steffy Bogdanova

BBVA Switzerland expands its crypto custody service with Ethereum

BBVA services stretch across Latin American countries, where investors have extensive interest in all kinds of digital assets, as well as in Europe and Turkey. The company noted in its official announcement that it plans to continue the expansion of its portfolio of digital assets in the coming months. The new BBVA service is currently…

December 10, 2021 BY Steffy Bogdanova

SEC obtains judgments against BitConnect

Arcaro has already pleaded guilty to BitConnect-related activity, including to charges of conspiracy to commit wire fraud. BitConnect was one of the largest crypto scams. It is estimated that it cheated investors out of $2 billion during its 2017 ICO peak. Arcaro and Future Money have agreed on the entry of judgments. Arcaro is permanently…

December 09, 2021 BY Steffy Bogdanova

Visa adds crypto advisory services as awareness of crypto assets grows

Carl Rutstein, Global Head, Visa Consulting & Analytics, said: We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap. Uma Wilson, executive vice president, chief information and product officer at UMB Bank, added: We came…

December 03, 2021 BY Steffy Bogdanova

SEC files charges in a $7 million digital asset fraud case

According to SEC, Auzins carried out a second scheme, where from April 2019 to July 2019 he fraudulently offered the unregistered securities of Innovamine, which supposedly provides cloud mining program. SEC stated that “Auzins claimed that investors could contribute digital assets to Innovamine, and then the company would perform mining activities and provide investors with…

November 29, 2021 BY Steffy Bogdanova

New German government calls for crypto regulation

The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…

Category: Cryptocurrency